Blackstone likes Siccar Point story
The global giant came to London almost five years ago and is enjoying the journey so far
Blackstone Energy Partners, a subsidiary of the global investment firm, entered the North Sea in 2014 with an investment in Siccar Point Energy alongside fellow private equity (PE) investor Blue Water Energy (BWE). It followed up in January this year by again partnering with BWE in Mime Petroleum, with a focus on the Norwegian continental shelf (NCS). The firm's senior managing director Mustafa Siddiqui, who transferred from Blackstone's New York office to London in 2014, spoke recently to Petroleum Economist's editor-in-chief Peter Ramsay. Edited highlights follow. PR: Would you agree that PE investment should be seen in a positive light for the industry? MS: I would, and I would say that t

Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio